The jackpot for the Powerball draw on Wed Apr 30, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For North Dakota residents, the state will deduct 2.9% from your lottery earnings.
| North Dakota Powerball Jackpot/Cash Option for Wed Apr 30, 2025 |
|---|
| Draw Date | Wed Apr 30, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,900,000 | | Federal Tax(24%) | $3,336,000 | | Additional Federal Tax | $1,767,330 | | State Tax(2.9%) | $403,100 | | Net Lumpsum Payment | $8,393,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$13,094 |
$311,040 |
| 2 |
$474,120 |
$135,755
$13,749 |
$324,616 |
| 3 |
$497,820 |
$144,524
$14,437 |
$338,859 |
| 4 |
$522,720 |
$153,737
$15,159 |
$353,824 |
| 5 |
$548,850 |
$163,405
$15,917 |
$369,528 |
| 6 |
$576,300 |
$173,561
$16,713 |
$386,026 |
| 7 |
$605,100 |
$184,217
$17,548 |
$403,335 |
| 8 |
$635,370 |
$195,417
$18,426 |
$421,527 |
| 9 |
$667,140 |
$207,172
$19,347 |
$440,621 |
| 10 |
$700,500 |
$219,515
$20,315 |
$460,670 |
| 11 |
$735,510 |
$232,469
$21,330 |
$481,711 |
| 12 |
$772,290 |
$246,078
$22,396 |
$503,816 |
| 13 |
$810,900 |
$260,363
$23,516 |
$527,021 |
| 14 |
$851,460 |
$275,371
$24,692 |
$551,397 |
| 15 |
$894,030 |
$291,121
$25,927 |
$576,982 |
| 16 |
$938,730 |
$307,660
$27,223 |
$603,847 |
| 17 |
$985,650 |
$325,021
$28,584 |
$632,045 |
| 18 |
$1,034,940 |
$343,258
$30,013 |
$661,669 |
| 19 |
$1,086,690 |
$362,406
$31,514 |
$692,770 |
| 20 |
$1,141,020 |
$382,508
$33,090 |
$725,422 |
| 21 |
$1,198,080 |
$403,620
$34,744 |
$759,716 |
| 22 |
$1,257,990 |
$425,787
$36,482 |
$795,721 |
| 23 |
$1,320,870 |
$449,052
$38,305 |
$833,513 |
| 24 |
$1,386,930 |
$473,494
$40,221 |
$873,215 |
| 25 |
$1,456,260 |
$499,147
$42,232 |
$914,881 |
| 26 |
$1,529,100 |
$526,097
$44,344 |
$958,659 |
| 27 |
$1,605,540 |
$554,380
$46,561 |
$1,004,599 |
| 28 |
$1,685,820 |
$584,084
$48,889 |
$1,052,847 |
| 29 |
$1,770,120 |
$615,275
$51,333 |
$1,103,512 |
| 30 |
$1,858,620 |
$648,020
$53,900 |
$1,156,700 |
|
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